By: Eslam Salem

Doha – Mubasher: The extraordinary general meeting (EGM) of Qatar’s Medicare Group agreed on setting the maximum limit of stock’s ownership by non-Qatari shareholders at 49%.

The EGM, held on Tuesday, also approved to amend the company’s statute to comply with the new commercial companies law no (11) of 2015.

Shareholders agreed to postpone increasing the limit of share’s ownership by shareholders to 25% for further discussions.

The company earlier get the ordinary general meeting’s (OGM) nod on cash dividends at 10% of the share’s par value or QAR 5 ($1.37) per share for the fiscal year 2015.

Translated by: Elwy el-Manzalawy